Fear after your New Car Warranty Expires
Industry: Car Warranties
How to address the problems that you face when your warranty expires.
Burnley, Lancashire (PRUnderground) February 12th, 2010
The credit crunch has affected almost everyone’s day to day lifestyle, a fact that is especially true if you are a new car owner. Easy finance agreements have meant that more and more of us have been used to switching and changing our cars every 2-3 years or so, however since the credit crunch, car finance has been increasingly difficult to obtain. This has meant that instead of changing your 3 year old car for a shiny new one, many of us have been forced to hold onto our cars that little bit longer. No real hardship you might think… until it goes wrong.
Most new cars are covered by a 3 year manufacturer’s warranty, but as soon as this runs out you become at risk and could face crippling car repair bills. For example, a BMW 5 Series Sat Nav System failure can cost upwards of £3000 to put right. A Mercedes C Class Air Condition Compressor can easily cost £1000 and even a Fiat Punto’s ECU can reach the high hundreds. Fear of large garage repair bills such as these has paved the way for extended car warranty companies to reap the rewards at this difficult time for car owners.
Used car warranty provider, Warrantywise, have just posted their 2009 sales figures. Since the recession their sales have more than doubled, mostly due to the rising amount of people who want to protect their 2nd most expensive purchase against breaking down. Partner Lawrence Whittaker says “It’s easy to think that your car will last forever, but the fact remains that the older a car gets, the less reliable it will become. It is our job to give peace of mind and the best cover available to those people who want to protect themselves against wallet busting garage repair bills”.”
Warrantywise was founded over 10 years ago by Andrew Whittaker, who started the Green Flag Vehicle Inspection Scheme and is now run by his youngest son, Lawrence Whittaker. They also employ the popular motoring journalist Quentin Willson as their policy designer and overall figurehead of the company. Their latest policy, described by Mr Willson as “Transparently Better”, is revolutionary in the extended car warranty world. It includes cover for all mechanical and all electrical parts and has no compulsory excess to pay on claims. All warranties from Warrantywise also include Recovery, Car Hire, Hotel and Travel expenses as standard too.
If you want to know more about Warrantywise, or how you can protect yourself against expensive garage repair bills, have a look at their website at www.warrantywise.co.uk